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GREAT WELSH JUNCTION RAILWAY.— In consequence of the decision of the House of Commons on the South Wales line of railway, the promoters of the original Welsh Junction line have, after mature consideration, determined on a large extension of their operations, and to construct such a system of railways and branches as, .1 while they will in every way provide for the local wants of the principal border and seaport towns, and the most direct English lines, with the great manufacturing dis- tricts of the midland counties of England, the shipping ports of the north, with Scotland, Ireland, and the mefro- lis. The principal line will, from two points of departure -Bangor and Portdynllaem -embrr.ce in its main course Carnarvon, Harlech, Dolgelly, by A I to Shrews- bury; leaving the latter place, it will proceed to Coal- brook Dale and the iron districts to Ludlou^TJeoininstcr, Hereford, Ross, Monmouth, Merthyr-Tydvil, Neath, Swansea, and Carmarthen, having its southern terminus at Pembroke. This Railway will comprise in its course nine seaports—viz., Bangor, Portdynllaen, Gloucester, Chepstow, Newport, Cardiff, Swansea, and Pembroke, including her Majesty's dockyard; and five branches are proposed, which will take in the towns of Welshpool, Montgomery, Newton, and Bishop's Castle—"iloss and Gloucester; Monmouth and Gloucester, crorsing the Severn two miles below that city, awl joininCi the Bristol and Cheltenham Railway; Monmouth and Chepstow; and Monmouth, Newport, and Cardiff. To effeet thes objects, it is proposed to raise the capital to £ -,000,CO ) sterling, and from the estimates it is anticipated that a good return will be secured upon this outlnv. GLOUCESTER, ABERYSTWITH, AND CENTRAL YFAT-.ES RAILWAY.—This line of railway is intended to commence at Gloucester, at the ternntius of the Cheltenham and Great Western Union Railway, and crossing the Severn above the city of Gloucester, pvocced by jNeweut, Ross, Hereford, Hay, Builtli, Rhayader, and (lie Devil's-hridge, to Aberystwith. In connection with this line is a scheme for the improvement of the harbour at the latter place, and the establishment of a harbour of refuge for the Chan- nel-a subject which has long been felt by nautical men to be of the first importance to the maritime interests; and as the construction of such harbours has long been con- templated by the Government, it is probable that consi- derable assistance towards this portion of the plan will be afforded by the Board of Admiralty, and such facilities are offered by the nature of the coast as to enable the carrying it out at a comparatively moderate expense. Central Wales has long lelt the want of means ol Unit rapid inter- nal communication which this railway will afiord, and by it the value of its mineral riches NA-ill be greatly enhanced, while the growth of timber, which, in many parts of Car- digan, Radnor, and Herefordshire, has hitherto been of little value, will lie turneu to ample proht. This line wi'l open out the most direct communication between tha me- tropolis and Ireland, saving a distance of several nilte, vs compared with Hothead, Portdynllaen, or Fishgnard, whether the journey is made to Dublin, Wicklow, or Wex- ford j aud, by means ot the raiWvajs about being carried out in Ireland, particularly that from Wexford to Trnlre and Valentia, this line will secure the most direct connec- ''M0 ne&rest point of embarkation for America. To all who are acquaitited with the localities through which this line will pass, its advantages will he sdf-eyideut, giving an outlet for the rapid transit of the staple produce ot AValcs-viz., woollen manufactures-aud tLe cider, butter, cattle, and sheep ot the principality and Ireland, and affording to passengers the most rapid and direct means of communication, not. only from Aberystwith to Gloucester, but in connection with the other great lines of the north-west and west of England and of Wales, with all the great manufacturing towns and seaports of the kingdom in general. The capital proposed is £ 1,250,000; and, from the large traflic insured for tiiiii line, there is little doubt of an ample return.